Global energy markets are in a state of high alert as the Strait of Hormuz remains effectively closed for the second consecutive month.
This is causing oil prices to spike 44% above pre-war levels.
While Washington’s ‘Project Freedom’ attempts to escort stranded tankers, the risk for commercial shipping remains extreme.
However, trade is finding a way, with regional ports and logistics operators such as Gulftainer offering an alternative route to the blockade.
–Chanel Africa–
